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This page contains information about each property aggregated from public data sources, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more.

261 Pikes Peak Rd Allenwood, PA 17810

2 Beds 2 Baths 1,628 sqft Built 1971
Last updated:  Jan 23, 2020

INVESTimate

$236,937

$222K - $252K

Price Est.

$1,209

$1.1K - $1.3K

Rent Est.

$252,006  ( +6.36%)   1 YR EST. FORECAST

261 Pikes Peak Rd PROPERTY INFO

FACTS
  • Built In 1971
  • Price/Sqft : $145.54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,628 sqft
  • Baths : 1 Full 1 Half
PROPERTY DESCRIPTION
261 Pikes Peak Rd, Allenwood, PA 17810 is a single family home of 1,628 sqft. HomeUnion estimate for 261 Pikes Peak Rd includes a Price Estimate of $236,937 and a Rent Estimate of $1,209. This single family home has 2 bedrooms, 2 bathrooms, and was built in 1971. This property has an estimated 15 year annualized Yield of 6.12% and Total Return of 17.61%. The estimated 1 year forecast in home value for 261 Pikes Peak Rd is 6.36%.
  
  
  

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261 Pikes Peak Rd SCHOOLS

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Financial Details

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Neighborhood

ALLENWOOD

  • 6,123

    POPULATION
  • 802

    HOUSEHOLDS
  • 45.8%

    WHITE COLLAR

Neighborhood : ALLENWOOD

HOUSEHOLDS
802
POPULATION

6,123

19.7%Renters
80.3%Home Owners
LABOR FORCE

 

45.8%White Collar
54.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,209 per month.

MY RENT : $1,209 MEDIAN RENT : $1,145

Rent % Distribution LEVEL
$500-699 0.9%
$700-899 15.9%
$900-999 10.0%
$1,000-1,499 62.0%
>=$1,500 11.2%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,209 would therefore be considered affordable for annual household incomes greater than $48,360 (12 months x 3.333 x $1,209).

Rent % Affordability
Above $500 86.3%
Above $700 76.3%
Above $1,100 59.2%
Above $1,500 44.3%
Above $1,900 29.9%
HOUSEHOLD INCOME RANGE

Approximately 394 of households in this neighborhood have a total annual income of $48,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,209 per month.

MINIMUM INCOME RANGE : $48,360

Income % Distribution
<$20K 13.7%
$20K-$35K 18.1%
$35K-$60K 23.9%
$60K-$100K 27.2%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 7.4%
10-14 mins 12.6%
15-19 mins 16.0%
20-29 mins 34.3%
30-44 mins 16.4%
45-59 mins 6.3%
>60 mins 4.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 47% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,209 per month.

MY RENT : $1,209 MEDIAN RENT : $1,145

Rent % Distribution
$500-699 0.9%
$700-899 15.9%
$900-999 10.0%
$1,000-1,499 62.0%
>=$1,500 11.2%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,209 would therefore be considered affordable for annual household incomes greater than $48,360 (12 months x 3.333 x $1,209).

Rent % Affordability
Above $500 86.3%
Above $700 76.3%
Above $1,100 59.2%
Above $1,500 44.3%
Above $1,900 29.9%
HOUSEHOLD INCOME RANGE

Approximately 394 of households in this neighborhood have a total annual income of $48,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,209 per month.

MINIMUM INCOME RANGE : $48,360

Income % Distribution
<$20K 13.7%
$20K-$35K 18.1%
$35K-$60K 23.9%
$60K-$100K 27.2%
>=$100K 17.1%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 10% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 7.4%
10-14 mins 12.6%
15-19 mins 16.0%
20-29 mins 34.3%
30-44 mins 16.4%
45-59 mins 6.3%
>60 mins 4.1%

ALLENWOOD Demographics

INDUSTRY

Industry % Distribution
Construction 8.4%
Educational Services 7.1%
Health Care & Social Assistance 18.7%
Manufacturing 11.7%
Retail & Wholesale Trader 15.0%
Transportation 8.8%
Other 30.4%
AGE DISTRIBUTION

76% of the population is between the ages of 25 and 64, 17% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 9.3%
15-19 2.4%
20-24 5.2%
25-44 49.4%
45-65 27.0%
66+ 6.7%
OCCUPATION

Occupation % Distribution
Healthcare 8.2%
Management, Business, & Financial 14.6%
Natural Resources Maintenance 16.4%
Production & Transportation 21.6%
Protect 6.4%
Sales & Office 21.6%
Other 11.1%
HIGHEST EDUCATION LEVEL

10% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.4%
High School 48.8%
Masters Degree 2.7%
Some College 21.3%
Some High School 15.0%
Other 6.8%

261 Pikes Peak Rd Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in PA , LYCOMING County , or the 17810 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 17752